Prior to any investment or contracting arrangement, companies will conduct the usual financial & operational due diligence to get an understanding of the nature of their investment. In doing so they should be mindful of several concerns:

Have suppliers and other 3rd parties had online compliance training?

Banks must comply with US financial regulations and so do their suppliers. Banks and other US companies must prepare suppliers to be audited by US bank examiners.

US & Western companies must maintain their “social license” to operate. This requires a deliberate demonstration of corporate social responsibility and should do all they can to purge human trafficking, child labor and other human rights issues from the supply chain.

III. DEMONSTRATE VALUE OF A LOCAL PARTNER

Provide guidance on local procedures protocol, cultural norms and customs

Commitment to excellence in performance and execution

Commitment to strong business ethics re corruption, human rights, CSR

IV. GOVERNMENTS MUST BALANCE INVESTOR FRIENDLINESS WITH NATIONAL AND CULTURAL PRIORITIES